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U.K. Disposable Income Increases as Consumers Drive Recovery

U.K. disposable income rose for a second quarter in the three months through September and the savings ratio declined, highlighting the dependency of Britain’s recovery on consumer spending.

The amount of money available to households for spending increased 0.4 percent after inflation following a 3 percent surge in the previous quarter, when it was boosted by the timing of bonus payments, the Office for National Statistics said in London today. The proportion of incomes saved declined and separate ONS data showed the current-account deficit reached the most since 1989 as a percentage of gross domestic product.